Philips Was Hit by a Lot of Headwinds in 2Q, CEO Says

The video discusses the company's business performance, highlighting growth expectations despite supply chain challenges, particularly from China. It covers the recall of sleep apnea devices, detailing the scale and progress of the recall. Legal risks and risk management strategies are addressed, with a focus on potential litigation. The global economic outlook is discussed, emphasizing challenges like inflation, supply disruptions, and geopolitical tensions.

What were the main challenges affecting the business in the second quarter?

• Stable supply chain

• Decreasing order book

• China lockdowns and rising inflation

• High demand and low supply

What is the expected growth for the second half of the year?

• 1 to 3%

• 3 to 5%

• 6 to 9%

• 10 to 12%

How did the lockdowns in China affect the business?

• Increased revenue

• Improved supply chains

• No impact

• Disrupted global supply chains

What percentage of sleep apnea devices is expected to be recalled by the end of the year?

• 100%

• 90%

• 70%

• 50%

What financial provision has been made for the recall of sleep apnea devices?

• €500 million

• €885 million

• €1 billion

• €1.5 billion

What are some of the global challenges mentioned in the fourth section?

• Stable economic conditions

• Improved global economy

• Decreasing healthcare needs

• Inflation and supply disruptions

What is the CEO's concern as a European citizen regarding the upcoming winter?

• Mild weather

• Increased tourism

• Stable energy supply

• Power crisis